India is still significantly lagging in its use of data analysis

India is still significantly lagging in its use of data analysis

Let’s focus on broadening scope of data collection to make statistical system more comprehensive

MARCH 9, 2020 7:47:02 AM

Volatility of oil prices and structural changes in the economy make the forecasting of inflation and GDP a difficult job indeed. However, we should supplement our existing measurement practices with “big data” to make our statistical system robust.